Rayness Analytica can assist you in preparing, executing, and filing your company’s annual returns in Kenya. It is a legal requirement for all limited companies to file annual returns with the Registrar of Companies each year.
What are annual returns?
Annual returns, also known as Form 1, are mandatory documents that every registered company in Kenya must file with the Registrar of Companies. These returns demonstrate the company’s current status, highlighting its structure, shareholding, division of shares, nominal capital, names and addresses of directors and shareholders, and the current registered office and company secretary details.
How to file annual returns in Kenya
The first annual return for all companies must be filed precisely one year and six months after incorporation. After that, annual returns must be filed every other year. The process involves filling out a Form 1 Annual Return form, certifying it through the company secretary, and then delivering it for filing with the Registrar of Companies. Rayness Analytica can help you prepare, execute, and file your company’s annual returns.
What is included in an annual return?
All annual returns in Kenya include the name and registered address of the company, nominal and issued share capital, the names and addresses of the shareholders and directors, division of company shares, and the name and address of the Company Secretary.
When to file annual returns in Kenya
The Registrar may impose a penalty if a company fails to file annual returns on time. Failure to file annual returns may also result in the Registrar refusing to process any changes to the company’s structure or any other external documents such as charges, mortgages, etc. This may also result in the company being struck off its register.
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